by Alasdair MacLeod
Gold Money
The dollar gold price rose this week from Monday’s low of $1215 to close last night (Thursday) at $1240, and silver rose from $14.90 to $15.20.
Silver’s performance compared with gold reflects lower than normal silver volatility, a trend that has featured from the start of this year, which can be discerned in the underperformance shown in the headline chart above.
In early European trade this morning gold and silver opened moderately lower, reflecting a slightly firmer dollar.
There is much happening on the subject of money, and to an extent, even gold is a bystander in a developing monetary train wreck.